(Reuters) – Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company’s games unit said on Tuesday. The studios to be closed are Player First Games, Warner Bros. Games San …
Warner Bros Discovery shuts three videogame studios, spokesperson says Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% to a two-month low on Tuesday on weak economic news from the U.S. and Germany that fed fears of slower energy demand, along with signs from several countries that oil output was on track to increase. Brent futures fell $1.76, or 2.4%, to …
Oil prices fall 2% to two-month low on worries about US economy Read More »
By Karen Brettell NEW YORK (Reuters) – A weakening economy and what looks to have been an overly aggressive “Trump trade” has led some Treasury market participants to reevaluate calls for how high U.S. yields will go as speculation the Federal Reserve may cut rates several times this year re-emerge. Yields tumbled after data on …
Growth worries put brakes on Treasury yields’ ascent Read More »
By Howard Schneider WASHINGTON (Reuters) -The head of a new congressional panel gearing up to strengthen Capitol Hill’s oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment. “A substantial number of my Financial Services …
Exclusive-Head of Fed-watchdog task force in Congress plans broad US central bank review Read More »
(Reuters) – Holtec International has signed an agreement with Hyundai Engineering and Construction to build two small modular reactors (SMRs) at the Palisades nuclear plant in Michigan, CNBC reported on Tuesday. The U.S. nuclear power industry is seeing a revival, after decades of floundering, driven by a surge in electricity demand and the vast energy …
By Eduardo Baptista, Julie Zhu and Fanny Potkin BEIJING/HONG KONG/SINGAPORE (Reuters) – DeepSeek is looking to press home its advantage. The Chinese startup triggered a $1 trillion-plus sell-off in global equities markets last month with a cut-price AI reasoning model that outperformed many Western competitors. Now, the Hangzhou-based firm is accelerating the launch of the …
DeepSeek rushes to launch new AI model as China goes all in Read More »
By Mike Scarcella (Reuters) – A leading attorney for billionaire Tesla CEO Elon Musk and embattled New York Mayor Eric Adams now has a standard billing rate of $3,000 an hour, placing him on the top shelf among even the priciest of Manhattan lawyers. Alex Spiro, known for his high-profile clientele and relentless litigation style, …
Want to hire Elon Musk’s lawyer? That will be $3,000 an hour Read More »
By Pooja Menon (Reuters) – Sempra on Tuesday lowered its 2025 profit forecast amid regulatory challenges and high costs, sending the utility’s shares down 20% in afternoon trading. The company said in the earnings call that it lowered its annual profit forecast as the California rate case decision, which came in late December last year, …
Sempra shares slump after dour 2025 profit forecast on high costs Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday argued the U.S. economy is more fragile under the surface than economic metrics suggest and vowed to “re-privatize” growth by cutting government spending and regulation. In his first major economic policy address since taking office, Bessent said that interest rate …
US Treasury’s Bessent vows to re-privatize an economy that is ‘brittle underneath’ Read More »
By Patrick Wingrove and Sriparna Roy (Reuters) -Eli Lilly said on Tuesday it cut the price for vials of its weight-loss drug Zepbound by $50 or more and expanded the range of doses sold online to try to stave off competition from compounding pharmacies and rival Novo Nordisk. The move comes as the competitive dynamic …
Lilly offers weight-loss drugs in vials at a discount to fight competition Read More »
